Investor Summary

David Steinthal is Chief Investment Officer and Founder of L1 Capital International Pty Ltd, established in 2018. He assumed portfolio management responsibilities for the Platinum Global Fund (Long Only) on October 1, 2025, following L1 Capital's acquisition of Platinum Asset Management. Prior to founding L1 Capital International, Steinthal served as Senior Portfolio Manager and Investment Committee Member at Lowy Family Group, working across New York and Sydney offices. His professional background includes investment banking experience with Babcock & Brown and UBS. Steinthal holds a Bachelor of Laws and Bachelor of Commerce majoring in Finance with Merit from the University of New South Wales.

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Fund Strategy

The Platinum Global Fund (Long Only) employs a fundamental, bottom-up, independent research process centered around quality and value. The fund is a high conviction international equities strategy typically investing in approximately 25 high quality companies with favourable cashflow-based valuations. The investment approach focuses on identifying undervalued companies rather than following benchmarks or top-down macroeconomic models, seeking to deliver absolute returns over the long-term through active stock selection. The portfolio is typically fully invested with less than 5% cash and maintains flexible industry exposure unconstrained by traditional benchmark allocations.

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FUND PERFORMANCE AS OF 31st December 2025

ANNUALIZED SINCE INCEPTION QUARTERLY YTD
10.0% 3.0% 16.0%